Just like what I posted in the last article on Audnzd, there is an expectation that a rally is imminent after the formation of an ending diagonal. Price should stay above 1.0640 to maintain its validity.

Trade Idea: Buy @ 1.0730, Exit: 1.0640, Targets: 1.0805, 1.0902

USDCAD

I expect the bullish move to continue to 1.3310. We will wait for a dip at (1.2987-1.3016) support level and then look for a long opportunity if price bounces off the support level.

The analytical view will be invalid if price breaks the aforementioned support level downward with high momentum.Trade Idea: Look for buying opportunity if price dips to (1.2987- 1.3016). Targets: 1.3235, 1.3310

This is the blog author's view based on Elliott wave theory and other technical tools.
Though, these tools and methodologies have been proven to be reliable, there is no guarantee that price will go in the direction of the ideas or hit the targets.
Users do so at their own risk, the blog author and writer of these ideas will not be responsible for any loss of fund as a result of trading the ideas.
Users are advised to use proper money management.